Herald (LON:HRI) Sets New 52-Week High - Time to Buy?

Key Points

• 52-week high: Herald (LON:HRI) reached a new 52-week high, trading as high as GBX 2,900 and last at GBX 2,890.65 on Tuesday with about 57,843 shares changing hands, up roughly 0.8% from the prior close.
• Technical and valuation snapshot: the stock trades above its 50-day (GBX 2,576.52) and 200-day (GBX 2,508.90) SMAs, has a market cap of £1.39 billion, a P/E of 14.58, and a beta of 0.61.
• Business and recent results: Herald is an investment trust investing in smaller quoted technology and communications companies worldwide and reported quarterly EPS of GBX 0.17 with a return on equity of 7.67% and a net margin of 86%.

Herald (LON:HRI - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 2,900 and last traded at GBX 2,890.65, with a volume of 57843 shares trading hands. The stock had previously closed at GBX 2,880.23.

Herald Stock Up 0.8%

The firm has a 50 day simple moving average of GBX 2,576.52 and a 200-day simple moving average of GBX 2,508.90. The stock has a market cap of £1.39 billion, a P/E ratio of 14.58 and a beta of 0.61.

Herald (LON:HRI - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported GBX 0.17 earnings per share (EPS) for the quarter. Herald had a return on equity of 7.67% and a net margin of 86.00%.

Herald Company Profile

Herald Investment Trust's objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of technology and communications. Investments may be made across the world. The business activities of investee companies will include information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies.

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